52-Week Range: $6.68-$18.57
Tuesday's Volume: 350,000
Three-Month Average Volume: 377,491 >>4 Basic Materials Stocks Spiking on Big Volume From a technical perspective, YZC gapped higher here right above some near-term support at $7.13 with decent upside volume. This stock has been downtrending badly for the last five months, with shares trending lower from its high of $14.86 to its recent low of $6.68. During that move, shares of YZC have been consistently making lower highs and lower lows, which is bearish technical price action. Shares of YZC have now potentially started to reverse its downtrend, with the stock uptrending over the last month. This stock is quickly moving within range of triggering a near-term breakout trade. That trade will hit if YZC manages to take out some near-term overhead resistance levels at $8 to its 50-day at $8.51 with high volume. Traders should now look for long-biased trades in YZC as long as it's trending above $7.13 and then once it sustains a move or close above those breakout levels with volume that hits near or above 377,491 shares. If that breakout hits soon, then YZC will set up to re-test or possibly take out its next major overhead resistance levels at $10 to $10.67. Any high-volume move above those levels will then put its next major overhead resistance levels at $11.11 to $12.38 into range for shares of YZC.